Fri, Feb 12, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Midway Market Neutral Fund beats June selloff with 0.35% gains

Monday, July 22, 2013

Precy Dumlao, Opalesque Asia:

The Midway Market Neutral Fund, managed by New York based fixed income hedge fund manager The Midway Group beat the market selloff in June and posted a minimal +0.35%, net of fees and expenses. However, the fund’s year-to-date performance was pegged at -3.32%, compared to -2.44% for the Barclays Aggregate, 13.82% for the S&P 500 (Total Return) and 3.55% for the HFR Hedge Fund Index.

John K. E. Morris, Midway Group Managing Director, commented, "Recent price volatility notwithstanding, we remain constructive on the opportunity looking forward.

The fund closed last year up 26.69% (est.). Launched in May 2001, it has annualized 21.5% since then. It can be found in Opalesque’s A Square database. The Midway Group, which manages $468m in AuM, gathers fixed income managers that provide investment strategies in hedged mortgage securities and focuses exclusively on the U.S. residential mortgage market.

He continued, "During the month we managed through a continued moonshot to higher rates. We saw an unprecedented 100bps move in rates over a 60 day period. Much of the backup, which started in early May (after a severe reversal) accelerated in response to Bernanke’s statements on the Fed’s plans to 'taper’ its extraordinary monetary stimulus. A lot has been written subsequently about the market’s p......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise